Korea, Singapore Carriers Pay $207M To Exit Price-Fixing Suit

Law360, New York (February 3, 2014, 7:21 PM EST) -- A New York federal judge has given preliminary approval to a pair of settlements totaling just over $207 million allowing Korean Air Lines Co. Ltd. and Singapore Airlines Ltd. to exit an antitrust class action alleging a conspiracy to manipulate prices of freight shipping, bringing the total settlements in the case to nearly $700 million.

U.S. District Judge John Gleeson granted initial approval to the settlement agreements Wednesday, certifying two classes of customers that purchased air-freight shipping services from the two Asian providers for a six-year...
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